Speaker 1: They say tariffs are the worst economic policies ever, and
Speaker 1: for lots of reasons. But what if that's the biggest
Speaker 1: lie in modern economics. They told you tariffs are just
Speaker 1: a tax on you. They say they start trade wars.
Speaker 1: They say that making stuff in America means that you're
Speaker 1: going to pay ten times more.
Speaker 2: But what if none of that's true.
Speaker 1: Because if they're wrong, we've built our economy on a myth.
Speaker 1: We've handled our power to countries that don't play fair. Now,
Speaker 1: I've spent years studying this and talking about this and
Speaker 1: speaking around the world about history cycles and what actually works.
Speaker 1: And in this video, I'm going myth by myth to
Speaker 1: show you what they don't want you to see. So
Speaker 1: let's go, all right, We're going to jump right through this,
Speaker 1: go through the biggest myths that you've heard.
Speaker 2: Now, why are they myths and why are they not real?
Speaker 1: Well, the main reason why is these myths are being
Speaker 1: pushed by academics. They're being pushed by theories that sound
Speaker 1: really good on paper, but they're not in the real world. Now,
Speaker 1: somebody who's built multiple businesses and had multiple exits, I've
Speaker 1: learned the real world and when I break these down
Speaker 1: to you.
Speaker 2: It's going to make perfect sense.
Speaker 1: And I just want to let you know that again,
Speaker 1: in theory, it sounds good, but the real world is
Speaker 1: much more complex. Anyway, Let's jump right in the consumer
Speaker 1: price myth. So you've been told mainstream media is telling
Speaker 1: you that if tariffs, if the US puts tariffs in place,
Speaker 1: then you, the consumer will pay more, and they say
Speaker 1: it's basically a hidden tax. It's like increasing taxes. So
Speaker 1: Trump says he's going to lower taxes, but tariffs, now
Speaker 1: that's a hidden tax.
Speaker 2: Okay.
Speaker 1: Number one. Again, the consumer is the one that's gonna
Speaker 1: pay this. They're going to pay more. And they tell
Speaker 1: us that because you're going to have to pay more
Speaker 1: for prices for goods and services, then that's also going
Speaker 1: to cause inflation.
Speaker 2: Prices will be going up.
Speaker 1: I listened to Scott Pssent, the Treasury Secretary, on an
Speaker 1: interview I believe with Tucker Carlson, and he said that
Speaker 1: if the consumer is going to pay the increase, then
Speaker 1: why are other nations so worried about it? Interesting perspective
Speaker 1: again from somebody who knows how to make money. Let's
Speaker 1: break this down how this really works in the real world. So,
Speaker 1: first of all, when we talk about tariffs, there's three
Speaker 1: parties involved. First, you have the exporter. Okay, so this
Speaker 1: is the exporter, maybe the producer, if you will. So
Speaker 1: goods are being made in another country in China, and
Speaker 1: they're exporting them. They're exporting them over to America. Let's
Speaker 1: say they're going to increase tariffs. But really the importer
Speaker 1: or retailer would be Walmart, right, So China exports to Walmart.
Speaker 1: And then the third party in this is this is you,
Speaker 1: the consumer. So there's three people in this chain. So
Speaker 1: the United States, one of the new Trump policies, we're
Speaker 1: going to add tariffs. We're going to add ten percent
Speaker 1: on China, now whatever one hundred and twenty five percent.
Speaker 1: We're going to increase tariffs. First of all, where does
Speaker 1: that get paid? Who pays it? Well, the person that
Speaker 1: pays it is the importer. So Walmart or whoever imports
Speaker 1: this is going to have to pay that new percentage
Speaker 1: of imports to the US, not the exporter, not China,
Speaker 1: not you the consumer.
Speaker 2: They have to pay it.
Speaker 1: However, this is where free markets and capitalism and business
Speaker 1: one oh one gets a little bit into the details.
Speaker 2: So Walmart has to pay the United States.
Speaker 1: But they can't afford to pay an extra twenty percent
Speaker 1: or forty percent.
Speaker 2: They can't do that.
Speaker 1: So who's gonna pay it? Well, it's going to be
Speaker 1: split between these three parties. So what mainstream media wants
Speaker 1: to fearmonger you and say that you are going to
Speaker 1: pay all of that increase, that's not the case. As
Speaker 1: a matter of fact, you're probably not gonna pay any
Speaker 1: of it. So this difference, the ten twenty whatever the
Speaker 1: tariffs are gonna be, are gonna be split here. So
Speaker 1: what Walmart's gonna do is they're going to push this
Speaker 1: back back to the exporting country. This is why the
Speaker 1: countries don't want it. So Walmart says like, hey, I
Speaker 1: don't have that in my margin. I don't have that
Speaker 1: amount of money. So you, the producer exporter, are going
Speaker 1: to have to lower your prices. You're gonna have to
Speaker 1: lower your prices down to offset that, and then the
Speaker 1: producer is going to push that down the supply chain.
Speaker 1: So all the way down from the raw materials to
Speaker 1: the commodities to the labor, everybody gets squeezed to change
Speaker 1: this amount here. Now they're going to eat some of it,
Speaker 1: push it all the way back backwards.
Speaker 2: They're gonna eat some of.
Speaker 1: It, but the consumer is most likely not gonna eat
Speaker 1: any of it. Why is that, Well, if Walmart could
Speaker 1: just raise its prices by ten or twenty or fifty percent,
Speaker 1: they would, but they can't. Obviously, you I, the consumer,
Speaker 1: we can't afford to pay that increase. They would have
Speaker 1: already done that. The consumer, especially today, it's already stressed
Speaker 1: for really thin and so the price here, if any
Speaker 1: increase that all will be very minimal. Only what could
Speaker 1: be managed and afforded. All of the rest is going
Speaker 1: to be pushed back down, which is why China doesn't
Speaker 1: want it. So it's not an increase on you the consumer.
Speaker 1: It's not going to cause inflation like they say it is.
Speaker 1: What it is is going to affect the manufacturing nations,
Speaker 1: which is why they don't want it. All Right, The
Speaker 1: next one we're going to talk about is the retaliate myth.
Speaker 1: Now real quickly, I do want to just say, you know,
Speaker 1: one thing that's not being tariff technology Right. Technology moves
Speaker 1: around the world, and we are witnessing the largest explosion
Speaker 1: of technology in the world the world's ever seen. Is
Speaker 1: a fifty year cycles happening for the six time in
Speaker 1: three hundred years, and it gives us a blueprint to
Speaker 1: invest into the convergence of AI, robotics, autonomous vehicles, Bitcoin,
Speaker 1: and so much more. I'm going to do a whole
Speaker 1: workshop on this and show you this exact blueprint and
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Speaker 2: There's a link down below. It's all free coming out.
Speaker 1: We'll go through all the charts, I'll answer all your
Speaker 1: questions lives so you can apply it to your own portfolio.
Speaker 2: It's all free. Like I said, there's a link down below.
Speaker 1: But let's figure out why retaliation is really a myth.
Speaker 1: And so this is like, why would you antagonize China?
Speaker 1: Don't you know that they could start war with us
Speaker 1: and we can't go to war, or they may invade
Speaker 1: Taiwan or all these different things, So why would we retaliate?
Speaker 1: And so that's a big myth that China is going
Speaker 1: to retaliate and that we're going to take this from
Speaker 1: this trade war and potentially turn it into a real war,
Speaker 1: a cold.
Speaker 2: War to a hot war, if you will.
Speaker 1: However, in the real world where real economic decisions matter, well,
Speaker 1: what you'll find out is that strategic thinking are much
Speaker 1: more powerful and more important than emotional You see in theory,
Speaker 1: I guess that makes sense. But in the real world,
Speaker 1: if I act emotionally, I put people at risk, I
Speaker 1: put my country at risk, I put my legacy at risk.
Speaker 1: And so what I find is that cooler heads prevail
Speaker 1: and we think through strategy over emotion. Let me give
Speaker 1: you an example of what I'm talking about. So let's
Speaker 1: say that here we have the two nations battling out
Speaker 1: right now, China and America. Right here now, America wants
Speaker 1: to impose terrafts on China. Well, China and America both
Speaker 1: have strategic things they can do. Sure, they could just
Speaker 1: retaliate and start war. Why would they do that? So
Speaker 1: they have levers, like, well, they could impose tariffs back
Speaker 1: China's done that.
Speaker 2: They could manipulate.
Speaker 1: Their currency, lower their currency to offset those tariffs, which.
Speaker 2: Is what the US wants.
Speaker 1: They could use things like rare earth elements, things the
Speaker 1: US really needs, but China produces as leverage to offset that,
Speaker 1: they can use diplomacy, they could try and come and
Speaker 1: talk about this. The US also has levers, so that's
Speaker 1: the tariffs that have already been put on. The US
Speaker 1: can do sanctions because it controls the global monetary system.
Speaker 2: They can do sanctions.
Speaker 1: They can restrict technologies what the US has been doing,
Speaker 1: restrict how much advanced chips that China can have, things
Speaker 1: like that, and then they can restrict exports back the
Speaker 1: other way. So there's lots of levers that can be
Speaker 1: done without going to war. And if you think about it,
Speaker 1: here's what would happen. So when you have to make
Speaker 1: a decision, you know that in the real world there's
Speaker 1: no black and white.
Speaker 2: We have trade offs.
Speaker 1: So what we typically want to do is you'd see
Speaker 1: like a decision tree.
Speaker 2: So the US imposes.
Speaker 1: Tariffs on China, what's China going to do? Well, they
Speaker 1: have two options. Number one, they could retaliate. Option two
Speaker 1: they could adapt. And the way these options, should we
Speaker 1: retaliate and start war or should we just adapt and
Speaker 1: pivot to these So would retaliate be well, if we retaliate,
Speaker 1: we're going to hurt ourselves even worse. I mean people
Speaker 1: could die, We're going to spend a lot of money,
Speaker 1: but we also hurt our own exports. That means not
Speaker 1: only are we hurting our people in our military, but
Speaker 1: we're crushing our economy. At the same time, we risk
Speaker 1: consumer prices going up. So there's a lot of risk
Speaker 1: if we retaliate. Do we really want to do that?
Speaker 1: Why don't we think about what about adapting? Well, we
Speaker 1: could just subsidize our exports, which is what China has
Speaker 1: been doing for a long time. We could find alternative buyers.
Speaker 1: And as a matter of fact, this is basically what
Speaker 1: happens in the first round of Trump tariffs back in
Speaker 1: twenty eighteen. China said, fine, we're going to retaliate, and
Speaker 1: so what we're going to do is we're not going
Speaker 1: to buy American soybeans anymore.
Speaker 2: Big deal. Now, it was a big deal in the beginning.
Speaker 1: The US suffered, right, I mean, we had farmers that
Speaker 1: need to sell the soybeans. But the US could have
Speaker 1: retaliated back, but instead that you went down the adapt
Speaker 1: route and they found European.
Speaker 2: Buyers to buy the soybeans.
Speaker 1: So today the soybeans from America are still being sold,
Speaker 1: just to a different buyer. China instead of buying from
Speaker 1: the US, went I think to Brazil to buy them,
Speaker 1: and so things adapt. This is a moving market. The
Speaker 1: world changes and adapts and people sure certainly could go
Speaker 1: to war over it, but cooler heads typically would prevail
Speaker 1: and strategically, we just adapt instead of retaliated and going
Speaker 1: to war. If China wants to go get Taiwan over this,
Speaker 1: it's not about a ten or twenty percent tariff. They
Speaker 1: want Taiwan, right, it's a bigger deal, all right, Okay,
Speaker 1: myth number three is the comparative myth.
Speaker 2: All right.
Speaker 1: Now, this one again is really baked in school room theory.
Speaker 1: And so in economics one o one they're telling you
Speaker 1: that each country should specialize. And this is sort of
Speaker 1: like capitalism. So instead of to be growing my own
Speaker 1: food and building my house and making my own clothes,
Speaker 1: let me just build the house, you grow the food,
Speaker 1: and you make the clothes specially, and that's great, and
Speaker 1: that's what free markets are built around. However, in economics
Speaker 1: one to one they say that globalism should expand into
Speaker 1: that wherein each country specializes. A small business owner, are
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Speaker 1: So this country's really good at growing wheat, this country's
Speaker 1: really good at growing mangoes, this country's really good at
Speaker 1: pulling you know, minerals out of the ground.
Speaker 2: And this country's really good at making weapons.
Speaker 1: Right, and so in that free trade would always win.
Speaker 1: But again that's baked in theory and ultimately false assumptions.
Speaker 2: Let me break that down for you.
Speaker 1: Okay, So in a classic free trade frame, what you
Speaker 1: would have is one country there's really good at raising
Speaker 1: sheep and they make a lot of wool. Then we
Speaker 1: have country too, they're really good at growing grapes, and
Speaker 1: making wine, so country too, you just make the wine,
Speaker 1: and country one you just make the wool, and we'll
Speaker 1: just trade wool for wine. Well that's a classic frame,
Speaker 1: and that is again baked in theory. But in the
Speaker 1: real world it's a little bit different. So let me
Speaker 1: tell you. So the real world we saw like in
Speaker 1: nineteen ninety Taiwan had some computers. Now and now today
Speaker 1: Taiwan has microchips some of the best in the world, right,
Speaker 1: and so they've changed. So what are we talking about.
Speaker 1: We're talking about the difference of a comparative advantage somebody
Speaker 1: makes wool, somebody makes wine, versus a strategic advantage.
Speaker 2: So what are you talking about.
Speaker 1: A comparative advantage would be just do what you're good at,
Speaker 1: make the wool, make the wine. A strategic advantage is
Speaker 1: build what you need to be good at, not what
Speaker 1: you're good at, what you need to be good at.
Speaker 1: So I might be really good at wool, but we
Speaker 1: might also need weapons. I might really be good at wine,
Speaker 1: but we probably need some manufacturing or industrial base as well.
Speaker 1: In a comparative advantage, it thinks about things statically, like
Speaker 1: economies just stay the same forever, like just make the
Speaker 1: wool for all of eternity will always be necessary versus.
Speaker 1: A strategic advantage understands that we're in a dynamic economy
Speaker 1: and things change and technology change and people change. But
Speaker 1: also what happens is economies changed. So when you start
Speaker 1: at the bottom, So some of the Asian countries that
Speaker 1: are just now getting manufacturing at the bottom, some people
Speaker 1: might say, oh, that slave labor. Well yeah, I mean
Speaker 1: it's like bottom level labor, and economies have to grow
Speaker 1: their way out of it. One hundred years ago, the
Speaker 1: US basically had that same slave labor as.
Speaker 2: Well, making the clothes, making the textiles.
Speaker 1: Now it's over in Asia, but each country grows out
Speaker 1: of it, sort of like what happened with Taiwan. They
Speaker 1: grew out of it. So it's not a static economist.
Speaker 1: The dynamic coming number two or three. Comparative advantages based
Speaker 1: on past efficiencies.
Speaker 2: I used to be.
Speaker 1: Really good at wool or wine or growing wheat. But
Speaker 1: a strategic advantage is based on future potential. I see
Speaker 1: the world is changing this way, we should be really
Speaker 1: good at that. I see that potentially our security is
Speaker 1: going to be threatened. We should think about building up
Speaker 1: our military or in the case of Taiwan, we see
Speaker 1: technology growing, maybe we should get really good at microchips.
Speaker 1: As a matter of fact, that's the story of Taiwan.
Speaker 1: Taiwan wasn't good at making microchips, but they decided that
Speaker 1: they should get good at making microchips. They decided to
Speaker 1: build plants to do that when they had no experience
Speaker 1: doing that, and now they're.
Speaker 2: Some of the best in the very world.
Speaker 1: So instead of wool and wine, think about semiconductors and
Speaker 1: ai moving to what is going to be It's dynamic.
Speaker 1: The world changes, the shifts. Great nations don't just trade
Speaker 1: their strengths, David, they develop new ones all right. Now
Speaker 1: on the next myth, this is the reshoring myth. So
Speaker 1: what you hear is that you know, part of this
Speaker 1: whole tariff strategy that's sort of the leverage layer one.
Speaker 1: Really it's about bringing manufacturing back to the US, reindustrializing,
Speaker 1: So bringing manufacturing back to the United States.
Speaker 2: And so the myth is that we'll.
Speaker 1: Shoot, everything's going to get more expensive then, right, because
Speaker 1: i mean, shoot, you make stuff in Asia or China
Speaker 1: where labor is really cheap, and then you make it
Speaker 1: in the United States where labor is really expensive. Of course,
Speaker 1: it has to bring prices back up, right, of course
Speaker 1: it has to. And again that's based in theory. It's
Speaker 1: not based in the real world. And any business owner
Speaker 1: understands this. This is a one D argument in a
Speaker 1: four D multi dimension world.
Speaker 2: Let me explain what.
Speaker 1: I'm talking about here, okay, So let's just look at
Speaker 1: like automobiles, for example, the auto worker labor is what
Speaker 1: they're talking about.
Speaker 2: Hey, in China, it's five to ten dollars.
Speaker 1: Is what an auto worker makes in China, five to
Speaker 1: ten dollars an hour. In America, that same workers sixteen
Speaker 1: to twenty nine dollars. So obviously if I have to
Speaker 1: pay twenty nine dollars instead of five to ten dollars,
Speaker 1: it's going to increase my costs. Okay. Well, again, a
Speaker 1: business owner understands that labor is just one piece of
Speaker 1: the entire total product costs.
Speaker 2: So we have design, so it's to design how much
Speaker 2: we pay them.
Speaker 1: We have logistics, how do we get all the raw
Speaker 1: materials and all the pieces and all of that moving around,
Speaker 1: the shipping costs and now the cars have to be
Speaker 1: shipped over to the United States.
Speaker 2: We have the energy inputs.
Speaker 1: So one of the Trump's things is to get in
Speaker 1: energy down really low, whereas like in Germany the automobiles,
Speaker 1: energy has gotten so high that a lot of German
Speaker 1: autos are now being built in other European countries where
Speaker 1: energy is lower. There's quality and waste. We know that
Speaker 1: to German quality is really good. Chinese quality, typathy isn't.
Speaker 1: So there's a lot of waste that's accounted for that.
Speaker 1: Then we have labor, and then we have time. So
Speaker 1: how long does it take to get the stuff over there?
Speaker 1: And how long does it take to make it? And
Speaker 1: how long does it take to get over here. Let
Speaker 1: me give you an example. Right now, Mexico is becoming
Speaker 1: one of the powerhouses in the world for manufacturing. A
Speaker 1: lot of manufacturing that was happening in Asia is being
Speaker 1: coming to Mexico.
Speaker 2: Now.
Speaker 1: Labor in Mexico is more expensive than labor in Asia. However,
Speaker 1: the Mexican workers are a lot more efficient, meaning they
Speaker 1: can get a lot more done with a lot less time.
Speaker 1: So if a worker, let's just say hypothetically, was making
Speaker 1: two dollars an hour and it took them ten hours
Speaker 1: to produce a good, that would be twenty dollars, right
Speaker 1: but let's say another worker is being paid ten dollars
Speaker 1: an hour, but it takes them only two hours to
Speaker 1: get it done, that's still only twenty dollars. So it's
Speaker 1: not the price of the labor, it's the efficiency. But
Speaker 1: not just the efficiency of the labor. All of these
Speaker 1: other things, the quality of the waste, the inputs of
Speaker 1: the energy, the shipping cost, the logistics in all of
Speaker 1: that is a very complex thing. This is why in
Speaker 1: theory it sounds like it makes sense. So we have
Speaker 1: labor in China, it's cheap.
Speaker 2: In the US it's higher.
Speaker 1: Certainly, shipping and from China to the US is expensive
Speaker 1: in the US.
Speaker 2: It is local risk.
Speaker 1: Well, there's geopolitical risk in China. We saw that with
Speaker 1: Apple where Apples also having to move their plants over
Speaker 1: to India because there's geopolitical risk. In the US, it's
Speaker 1: stable automation in China, it's lower in the US. There's
Speaker 1: advance quality inconsistent in China, US higher.
Speaker 2: Now we could argue each one.
Speaker 1: Of these and what product we're talking about, but you
Speaker 1: get the idea. We're trying to break the myth here. Again,
Speaker 1: in theory, it sounds logical. Are reasonable in the real world.
Speaker 1: If you're a business owner, you know that it doesn't
Speaker 1: make sense. And so it's certainly possible that the US
Speaker 1: could reinshore a lot of things, use automation, become more
Speaker 1: efficient and save in a lot of areas, and potentially
Speaker 1: match the cost, potentially even bring the cost down. Okay,
Speaker 1: the next myth is that tariffs equal isolation. Terriffs are
Speaker 1: anti trade. Terrafts are anti globalism. That means that you
Speaker 1: don't want to participate in the world and you want to.
Speaker 2: Be an island.
Speaker 1: Well maybe maybe not again, maybe that's oversimplified. Tools, trade
Speaker 1: or terrifts protectionism are greater than building up walls.
Speaker 2: So it's not about walls.
Speaker 1: It's about tools and strategically using tools. So countries want
Speaker 1: to use these tools because it's how you adapt, it's
Speaker 1: how you can grow, and so these tools, TIFFs, walls
Speaker 1: are a tool that.
Speaker 2: Can be used to buy time. This is what America is.
Speaker 1: This is exactly how America grew When America broke off
Speaker 1: from Europe.
Speaker 2: Europe was much more advanced. Europe could make everything faster
Speaker 2: and cheaper.
Speaker 1: Right, So the US had to put tariffs in place
Speaker 1: to protect the economy. So it could grow to then
Speaker 1: outpacing the European economy right as it happened, but it
Speaker 1: needed to buy itself timeless. Those protections did that. Now
Speaker 1: also you want to use them strategically. Again, theory is
Speaker 1: just dumb.
Speaker 2: And it's vague. Specifically, we want to use strategic uses.
Speaker 1: So for example, it doesn't make any sense to be
Speaker 1: the best fruit producer when fruit grows in a different
Speaker 1: part of the world, Like let them grow the fruit,
Speaker 1: We'll bring the fruit over here.
Speaker 2: We don't really grow good fruit here, right, we have these.
Speaker 1: Minerals on the ground they don't have so let's get
Speaker 1: these minerals out there. So definitely it's strategic as well.
Speaker 1: Remember these are very dynamic, very complex issues.
Speaker 2: Let me break this down.
Speaker 1: So what we want to do is we want to
Speaker 1: do targeted terifs I don't just say everything that's the
Speaker 1: starting point, then break it down targeted tariff. So thinking
Speaker 1: about the strategic cycle. So what we really want to
Speaker 1: do is we want to reshore key industries. So what
Speaker 1: am I talking about, Well, the COVID supply chain, the
Speaker 1: COVID pandemic that exposed the supply chains for what they
Speaker 1: were really highlighted for the US and for the rest
Speaker 1: of the world. A lot of dangerous situations where supply
Speaker 1: chains were weak, and maybe there's very key things that
Speaker 1: we need we can't get. The Russia Ukraine war has
Speaker 1: completely exposed how should we say, incapable the US and
Speaker 1: European the NATO forces are at industrial policies such as
Speaker 1: how can we even create enough bullets or enough weapons
Speaker 1: to go over to war? And so we need to
Speaker 1: reshore key industries. So some things like national defense, for example,
Speaker 1: might be worth paying a little bit more for because
Speaker 1: it's really important their key industries. Then we need to
Speaker 1: train the workforce, and we need to invest in innovation.
Speaker 1: For all this to happen, It doesn't happen at the
Speaker 1: blank of an eye. It takes time. So again, what
Speaker 1: a tariff's dow is they sort of protect that. They
Speaker 1: put up a wall, they give you a moat, and
Speaker 1: they buy time to allow this to grow and become
Speaker 1: more competitive. Think about it like this. Tariffs are like
Speaker 1: a shield. They sort of block out the outside. Like
Speaker 1: I said, that's what America did as it was first founded.
Speaker 1: What that does is it gives you time to build
Speaker 1: this out, build the factories, build the automation build those things.
Speaker 1: Then it allows us to become competitive in that new way. Now,
Speaker 1: ultimately this brings the whole world forward. Remember it's not
Speaker 1: about labor, it's about efficiency. So there was a famous
Speaker 1: story of a Milton Friedman and went over to China
Speaker 1: and he saw all these people in China digging I
Speaker 1: think it was a dam, and they were all using shovels,
Speaker 1: and he said, you know, like, why are they doing
Speaker 1: this by hand with shovels, Like why wouldn't you bring
Speaker 1: an attractor? And they told them, well, it's because if
Speaker 1: we bring attractor, what are all these people going to
Speaker 1: do for work?
Speaker 2: We need to keep them working.
Speaker 1: And he said, well, if that's the case, then why
Speaker 1: not just give them all spoons, then we can have
Speaker 1: more peop working. Shoot, why not just have them dig
Speaker 1: with toothpicks. We could have even more people working. So
Speaker 1: it's not about people working, it's about efficiencies. And so
Speaker 1: what happens is if through these tariffs and building and
Speaker 1: having to learn how to be competitive, we can come
Speaker 1: up with more efficient ways, new technologies, robotics, automations, things
Speaker 1: like that then allows humans to go work on higher
Speaker 1: value things. So tariffs aren't isolationists. They're like an incubator.
Speaker 1: They're like a shield that allows these new innovations to
Speaker 1: be built up. All right, so we've busted a whole
Speaker 1: bunch of myths on tariff. The world is much more complex.
Speaker 1: The real world is much more complex. It's dynamic, and
Speaker 1: we've learned that they're not a hidden tax on the consumer.
Speaker 2: They don't automatically start trade wars.
Speaker 1: People typically think rationally or strategically, not just emotionally. How
Speaker 1: they're tools, and they're really a way for nations to recalibrate,
Speaker 1: to reinvent, to build what the world needs, not just
Speaker 1: what they're good at, like sharing sheep. We learned the
Speaker 1: US didn't win through free trade. The US was able
Speaker 1: to build this industrial base because it protected it enough
Speaker 1: to allow it to grow, and that we can keep outsourcing,
Speaker 1: or we can start building back some of the key things.
Speaker 1: We don't need to grow the fruit, but there are
Speaker 1: key things that need to happen. So hopefully this breaks
Speaker 1: it for you. Now if you want to find out
Speaker 1: what we're doing about this to make money. You know
Speaker 1: this is on manufacture goods. But you know one thing
Speaker 1: that's not exposed to US technology and that's really where
Speaker 1: the big opportunity is to make money. And I called
Speaker 1: this fifty year cycle we've been talking about. It's the
Speaker 1: quantum wave cycle, AI, robotics, Bitcoin, all converging together.
Speaker 2: I'm going to do a.
Speaker 1: Whole presentation workshop on this next week.
Speaker 2: It's all live, it's for free. There's a link down below.
Speaker 2: Come hang out.
Speaker 1: I'm going to show you this fifty year cycle that
Speaker 1: we're using as a blueprint to invest and build more
Speaker 1: wealth than any time in history. Coming out as for free.
Speaker 1: There's a link down below. But let me know what
Speaker 1: your single biggest myth is. And if you have other myths,
Speaker 1: drop the in the comments and I'll bring them up.
Speaker 2: And we'll bust those myths as well. All right, that's
Speaker 2: what I got to your success. I'm out.